EIN 06-0942210

Lyme Academy of Fine Arts

IRS 501(c) type
501(c)(3)
Num. employees
18
Year formed
1976
Most recent tax filings
2024-06-01
Description
The mission of The Lyme Academy of Fine Arts, Inc. (the Academy) is to educate aspiring artists through a rigorous studio curriculum rooted in figurative and representational art.
Total revenues
$2,660,721
2024
Total expenses
$2,155,065
2024
Total assets
$16,596,708
2024
Num. employees
18
2024

Program areas at Lyme Academy of Fine Arts

In 2021, with fresh leadership at its helm, the Lyme Academy of Fine Arts reopened its doors to students, and welcomed a new generation of success. Under the guidance of a Board of Trustees that has clarified and sharpened the Academys mission, Artistic Direction that is inspiring a new generation of students and a Sculpture program that is the realization of the original vision of the Academys founder, sculptor Elisabeth Gordon Chandler. Artistic directors, Jordan Sokol and Amaya Gurpide have generated interest in the programs of the Lyme Academy of Fine Arts that has grown steadily over the last three years.Recent major gifts have provided support to the endowment of three faculty chair positions, significant capital projects, general operating needs, and have provided the Academy with stability and growth. Key new positions, including the Charlotte Colby Danly Sculpture Chair, Managing Director, and additional staff and faculty have also contributed to growth. The Academys rebirth is evident in the increasing number of students attending, which has met and exceeded the targets set in its multi-year strategic plan. Full-time enrollment has grown from 12 students in 2021-2022, to 23 in 2022-2023, 34 in 2023-24 and 44 students in this academic year. The Academy is limiting its growth to roughly ten additional new students per year, which allows for a high degree of selectivity in admissions as the program grows towards its full enrollment target of 80 students in the 2028-29 academic year. The Academy also serves hundreds of students through Youth Programs, Continuing Education, Workshops and guest lectures.

Who funds Lyme Academy of Fine Arts

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Connecticut HumanitiesCT Cultural Fund Ope$50,500
American Endowment FoundationArts, Culture$50,000
Eder Family FoundationUnrestricted$50,000
...and 7 more grants received

Personnel at Lyme Academy of Fine Arts

NameTitleCompensation
Wendy BuryManaging Director
Daniel NischanDirector of Operations and Facilities
Caitlin PerkinsDirector of Academic Affairs
Edmond RochatContinuing Education Director
Rick LaceyYouth Program Director
...and 9 more key personnel

Financials for Lyme Academy of Fine Arts

RevenuesFYE 06/2024
Total grants, contributions, etc.$803,127
Program services$719,786
Investment income and dividends$115,851
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$188,684
Net gain from sale of non-inventory assets$733,378
Net income from fundraising events$12,668
Net income from gaming activities$0
Net income from sales of inventory$79,423
Miscellaneous revenues$7,804
Total revenues$2,660,721

Form 990s for Lyme Academy of Fine Arts

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-08990View PDF
2023-062023-12-13990View PDF
2022-062023-01-12990View PDF
2021-062022-01-21990View PDF
2020-062022-03-28990View PDF
...and 10 more Form 990s

Organizations like Lyme Academy of Fine Arts

OrganizationLocationRevenue
New Hope Christian CollegeEugene, OR$2,955,893
Oak Hills Christian College (OHCC)Bemidji, MN$4,015,662
Donnelly CollegeKansas City, KS$9,461,902
Art Academy of Cincinnati (AAC)Cincinnati, OH$11,227,828
New York Academy of Art (NYAA)New York, NY$9,241,972
Antioch CollegeYellow Springs, OH$12,557,562
Southwestern CollegeSanta Fe, NM$4,576,107
Martin UniversityIndianapolis, IN$6,541,110
Southwestern Christian UniversityBethany, OK$12,403,251
Pontifical College Josephinum (PCJ)Columbus, OH$9,268,888
Data update history
November 18, 2024
Updated personnel
Identified 7 new personnel
October 23, 2024
Received grants
Identified 2 new grant, including a grant for $50,000 from American Endowment Foundation
August 26, 2024
Received grants
Identified 1 new grant, including a grant for $1,000 from Panoram Foundation
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $50,500 from Connecticut Humanities
February 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
SchoolsHigher ed institutions
Issues
EducationArts, cultural, and humanities
Characteristics
Fundraising eventsReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
84 Lyme St
Old Lyme, CT 06371
Metro area
Norwich-New London, CT
County
Lower Connecticut River Valley Planning Region, CT
Website URL
lymeacademy.edu/ 
Phone
(860) 434-5232
Facebook page
LymeAcademyCollege 
Twitter profile
@lymeacademy 
IRS details
EIN
06-0942210
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1976
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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